Commercial PASHA Bank, since July 3, is a sales representative for non-bank credit institution bonds FINCA Azerbaijan.
As noted in the Baku Stock Exchange (BSE), the minimum obligations of the bank in the organization of bond purchases FINCA Azerbaijan is 200,000 manats, the maximum benefit of the bank is 5% of the sale.
Non-bank credit institution FINCA Azerbaijan since the beginning of the second half started the placement of bonds worth 10 million manat. The issue is divided into 10 thousand bonds in denominations of one thousand manats for security. Yields on the bonds are 11.5% per annum.
Underwriter of the bonds, as expected, will be PASHA Capital - the leader among brokers in April-June. - 17D-
Economics
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Azerbaijan’s economy, which is heavily dependent on oil revenues, faces a stark warning in the 2021 report by Carbon Tracker titled “Beyond the Oil States: The Urgent Need to Reduce Dependence on Oil in the Context of the Energy Transition.” The report ranks Azerbaijan among the most vulnerable oil-dependent countries, placing it in the "5th group" — a category reserved for nations expected to experience a decline in oil and gas revenues exceeding 40% over the next decade. This group includes Angola, Bahrain, Timor-Leste, Equatorial Guinea, Oman, and South Sudan, highlighting shared economic risks for these states.
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Azerbaijan's non-oil and gas exports rose 3.5% year-on-year to $2.8 billion during the first ten months of 2024, the Center for Analysis of Economic Reforms and Communication (CAERC) reported in its November "Export Review."
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